The (AUDUSD) price settles on gains in its last intraday trading, taking advantage of the dynamic support that is represented by its trading above EMA50, reinforcing the stability and dominance of the main bullish trend on short-term basis, especially with its trading alongside minor supportive trend line for this path, with the emergence of positive signals from relative strength indicators, after reaching oversold levels.
The (USDCAD) price declined in its last intraday trading, as it reached the resistance of main bearish trend line on short-term basis, accompanied by reaching EMA50, which led it to surrender to this negative pressure, especially with the emergence of negative signals from relative strength indicators, after reaching exaggerated overbought levels compared to the price move, to begin negative divergence.
The (USDJPY) declined in its last trading on the intraday basis, due to the stability of the key resistance at 157.30, which represents an expected target in our previous analysis, to gather the gains of its previous rises, attempting to offload its clear overbought conditions on relative strength indicators, especially with the emergence of negative signals from there, to gather its positive strength that might help it to breach this resistance, amid its trading alongside bullish corrective trend line on short-term basis, with the continuation of the positive support that comes from its trading above EMA50, reinforcing the renewed bullish momentum.
GBPUSD witnessed positive fluctuating trading on its last intraday levels, after leaning on 1.3365 key support, which represented an expected target in our previous analysis, gaining bullish momentum that reinforced by the emergence of positive signals from the relative strength indicators, after reaching oversold levels, to attempt to recover some previous losses.
This comes amid the continuation of the negative pressure due to its trading below EMA50, reinforcing the main bearish trend on short-term basis, especially with its trading alongside supportive trend line for this track.